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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Rand Extends Becomes Best EMEA Performer This Month
The rand has met little resistance on its appreciation path over the past few days, reclaiming levels last seen before the "Lady R" scandal broke out. The currency is on track for its best performance against the greenback since mid-2020. Spot USD/ZAR trades at ZAR18.7250, down just over 1,000 pips on the session, with bears eyeing support from May 10 low of ZAR18.6188, followed by May 2 high of ZAR18.5075.
- Eskom has been able to reduce load-shedding recently, even as it will reintroduce daytime power outages over the weekend (to a relatively limited extent). Electricity Minister Kgosientsho Ramokgopa said that South Africa managed to improve its energy availability factor to multi-month highs, while the trend of lower load-shedding stages could continue.
- The FTSE/JSE Africa All Share index trades on the back foot despite strong gains for the FTSE/JSE Banks Index, which has been advancing rapidly since the start of this month.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.